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Posts Tagged ‘Report’

The world’s largest economy is expected to expand at a faster pace in the fourth quarter and the GDP report may increase the appeal of the USD as the development dampens the scope for additional monetary easing.

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Easing price pressures in Canada are likely to dampen the appeal of the loonie and a soft inflation report could spark a rally in the USD/CAD as market participants scale back expectations for higher interest rates.

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Europe’s largest economy is expected to expand at a faster pace in the third-quarter, and the development may instill a bullish outlook for the single currency as growth prospects improve.

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Economic activity in the U.K. is expected to expand at a faster pace in the third-quarter, and a positive GDP report should prop up the British Pound as it encourages an improved outlook for the region.

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Economic activity in the U.S. is expected to increase at a faster pace during the three-months through June, and a rise in GDP may spark a bullish reaction in the greenback as it instills an improved outlook for the world’s largest economy.

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The 2Q GDP report for Australia is expected to show a rebound in economic activity, and the data may encourage the central bank to hold an improved outlook for the region as growth prospects improve.

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